What a SOL liquidation heatmap shows
A liquidation is a leveraged Solana position that an exchange closed because its margin ran out. A liquidation heatmap draws those closes on a grid of price and time, brighter where the total is larger.
Maps usually fall into two kinds. An estimate works out where closes could happen from open interest and assumptions about leverage and entry prices, and Markov's glossary calls that a model. A record draws the closes that printed. Markov's page shows the closes that printed and does not draw projected levels, as its SOL liquidations page says. The general reading of both kinds is in our posts on the ETH liquidation heatmap and the glossary entry. This post covers what is particular to SOL.
What is particular to SOL on Markov
- A lower label threshold. On the 5m chart, Markov labels liquidation bars of $62.5k or more for SOL. For BTC and ETH the label threshold is $250k, four times as much: 250 / 62.5 = 4. SUI and HYPE use $62.5k as well. Longer timeframes need larger bars to be labelled. These are label thresholds, not liquidation amounts (each coin's liquidations page, read 6 Nov 2026).
- Where SOL's data comes from. Liquidations come from three exchange feeds. Open interest and funding come from Hyperliquid (usemarkov.com/sol/liquidations/, read 6 Nov 2026).
- SOL is a Free coin. The SOL liquidation panel and chart open with a free account and no card (usemarkov.com/pricing).
Open interest and funding beside liquidations
Markov's SOL page also gives open interest and funding for Hyperliquid, one venue, from its own record. As read on 6 Nov 2026, over the 541 hours fully recorded from 14 Oct 2026 to 6 Nov 2026 (UTC), SOL open interest on Hyperliquid ran from 5,322,269 SOL to 5,936,176 SOL and stood at 5,394,568 SOL, about $487.3M, at the last hour. Its largest fall between two UTC day closes was 8.2%, on 5 Nov 2026. SOL funding there was below zero for 66 of those 541 hours; the same pages print 15 of 541 for BTC and 52 of 541 for ETH (usemarkov.com/sol/liquidations/, /btc/liquidations/ and /eth/liquidations/, as read on 6 Nov 2026).
Hyperliquid open interest says nothing about the exchange liquidations on the map: the two come from different venues. And open interest falls whenever anyone closes a position, so a fall is not a count of forced closes.
How to read the SOL view
- A forced close of a long happens as price falls, and of a short as price rises, so a burst can push price further the same way. The page calls this context for the next test of a level, not where SOL goes next.
- Totals are a floor: two of the three exchange feeds send at most one liquidation a second.
- A stretch the recorder missed is marked "not recorded" and never filled in.
On the Free plan, and what a paid plan adds
SOL's liquidation panel and chart are on the Free plan. Paid plans also see recorded liquidations of $10k and more on the 1h and 4h charts, from the day Markov began recording (usemarkov.com/sol/liquidations/ and usemarkov.com/pricing).
See it live
The live SOL liquidations page reads the feeds in your browser, and the SOL chart puts the liquidity heatmap under the candles with a free account. You can look at them beside whatever heatmap you use now. See also SOL funding, SOL open interest, SOL order book walls, the glossary entry for liquidations and the plans.
Source: usemarkov.com/sol/liquidations/, /btc/liquidations/, /eth/liquidations/, /sui/liquidations/, /hype/liquidations/, /glossary/ and /pricing/, read on 6 November 2026. No liquidation figures.
Markov provides research tools and education, not financial advice. Past data says what happened, not what will.